Vermont unemployment rate up one-tenth to 3.1 percent

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Vermont unemployment rate up one-tenth to 3.1 percent

Fri, 05/19/2017 - 10:49am -- tim

Vermont Business Magazine The Vermont jobless rate went up last month for the first time since the high point of the Great Recession in May 2009, when it went up one-tenth to 7.0 percent. It fell the next month to 6.9 percent. The Vermont Department of Labor announced today that the seasonally-adjusted statewide unemployment rate for April was 3.1 percent, an increase of one-tenth of one percentage point from the revised March rate. All three major metrics were off slightly: the labor force and number of employed fell, while the number of unemployed rose. The national rate in April was 4.4 percent, down one-tenth from March.

“There are currently fewer than 11,000 unemployed Vermonters; levels not seen since 2001. At the heart of the last recession, there were over 25,000 unemployed Vermonters. But even having one Vermonter unemployed and unable to provide for themselves and their family is too many. The Vermont Department of Labor has twelve career resource centers all-across the state that are equipped and ready to assist job seekers, employers and all Vermonters alike. At our regional centers, individuals can get help with resume writing, mock-interviews and learn about skill enhancement opportunities through education and training. Our employer services include creating apprenticeships, advertising job openings, organizing job fairs, and promoting internships. There are many paths to success and Labor is available to help people find the path that is right for them”, said Labor Commissioner Lindsay Kurrle.

The seasonally-adjusted Vermont data for April show the Vermont civilian labor force decreased by 200 from the prior month’s revised estimate. The number of employed decreased by 400 and the number of unemployed increased by 150. None of the changes were statistically significant in the seasonally-adjusted series.

The April unemployment rates for Vermont’s 17 labor market areas ranged from 2.3 percent in Burlington-South Burlington to 6.6 percent in Derby (note: local labor market area unemployment rates are not seasonally-adjusted). For comparison, the April unadjusted unemployment rate for Vermont was 3.3 percent which reflects a decrease of two-tenths of one percentage point from the revised unadjusted March level and a decrease of one-tenth of one percentage point from a year ago.

Not-Seasonally-Adjusted

The preliminary ‘not-seasonally-adjusted’ jobs estimates for April show a decrease of 5,000 jobs when compared to the revised March numbers. There was an increase of 400 jobs between the preliminary and the revised March estimates due to the inclusion of more data. The monthly decrease seen in the April numbers was attributable to seasonal movements in leisure and hospitality. The broader economic trends can be detected by focusing on the over-the-year changes in this data series. As detailed in the preliminary ‘not-seasonally-adjusted’ April data, Total Private industries have increased by 500 jobs (0.2 percent) and Government (including public education) employment has increased by 200 jobs (0.3 percent) in the past year.

Seasonally-Adjusted

The seasonally-adjusted data for April reports a decrease of 600 jobs from the revised March data. As with the ‘not-seasonally-adjusted’ data, this over-the-month change is from the revised March numbers which experienced an increase of 400 jobs from the preliminary estimates. The seasonally-adjusted over-the-month changes in April were mixed at the sub-sector level. Those with a notable percent increase include: Arts, Entertainment & Recreation (+200 jobs or +4.5%), Wholesale Trade (+300 jobs or +3.3%), and Professional & Technical Services (+400 jobs or +2.8%). Sectors with a notable percent decrease include: Real Estate, Rental & Leasing (-100 jobs or -3.4%), Administrative & Waste Services (-200 jobs or -1.8%), and Local Government (-400 jobs or -1.3%).

Overall, Vermont’s unemployment rate was tied for eighth lowest in the country for April. As of the prior month’s preliminary data, the Burlington-South Burlington Metropolitan NECTA was tied for the ninth lowest unemployment rate in the country for all metropolitan areas at 2.6 percent (not-seasonally-adjusted).

RELATED STORY: Weekly unemployment claims fall for third week

NOTE: Employment (nonfarm payroll) - A count of all persons who worked full- or part-time or received pay from a nonagricultural employer for any part of the pay period which included the 12th of the month. Because this count comes from a survey of employers, persons who work for two different companies would be counted twice. Therefore, nonfarm payroll employment is really a count of the number of jobs, rather than the number of persons employed. Persons may receive pay from a job if they are temporarily absent due to illness, bad weather, vacation, or labor-management dispute. This count is based on where the jobs are located, regardless of where the workers reside, and is therefore sometimes referred to as employment "by place of work." Nonfarm payroll employment data are collected and compiled based on the Current Employment Statistics (CES) survey, conducted by the Vermont Department of Labor. This count was formerly referred to as nonagricultural wage and salary employment.

Unemployment Rates for States, Seasonally Adjusted
State April 2017(p)
rate
Rank

Colorado

2.3 1

Hawaii

2.7 2

North Dakota

2.7 2

New Hampshire

2.8 4

South Dakota

2.8 4

Maine

3.0 6

Nebraska

3.0 6

Iowa

3.1 8

Utah

3.1 8

Vermont

3.1 8

Wisconsin

3.2 11

Idaho

3.4 12

Arkansas

3.5 13

Indiana

3.6 14

Kansas

3.7 15

Oregon

3.7 15

Minnesota

3.8 17

Montana

3.8 17

Virginia

3.8 17

Massachusetts

3.9 20

Missouri

3.9 20

New Jersey

4.1 22

Maryland

4.3 23

New York

4.3 23

Oklahoma

4.3 23

Rhode Island

4.3 23

South Carolina

4.3 23

Wyoming

4.3 23

Florida

4.5 29

Delaware

4.6 30

Washington

4.6 30

Illinois

4.7 32

Michigan

4.7 32

Nevada

4.7 32

North Carolina

4.7 32

Tennessee

4.7 32

California

4.8 37

West Virginia

4.8 37

Connecticut

4.9 39

Pennsylvania

4.9 39

Arizona

5.0 41

Georgia

5.0 41

Mississippi

5.0 41

Ohio

5.0 41

Texas

5.0 41

Kentucky

5.1 46

Alabama

5.4 47

Louisiana

5.8 48

District of Columbia

5.9 49

Alaska

6.6 50

New Mexico

6.7 51

Footnotes
(p) Preliminary

Note: Rates shown are a percentage of the labor force. Data refer to place of residence. Estimates for the current month are subject to revision the following month.